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House Committee on Education and Labor Student Loan Reform Proposals

In anticipation of the November midterm elections, House Education and Labor committee members released bills outlining their Higher Education Act legislative priorities should their party gain a majority in the House in 2023.

Both the Republicans' REAL Reforms Act and the Democrats' LOAN Act have a significant focus on federal student loan reform, but each bill touches on Pell grants and includes other miscellaneous provisions.

Bill Links

Responsible Education Assistance through Loan (REAL) Reforms Act
Lowering Obstacles to Achievement Now (LOAN) Act

NASFAA Resources

Side-by-side comparison chart
NASFAA Statement on the Responsible Education Assistance Through Loan (REAL) Reforms Act
NASFAA Statement on House Democrats' LOAN Act
NASFAA Feedback to Sponsors of REAL Reforms Act

NASFAA Today's News Coverage

Foxx Outlines Republican Vision for Higher Education Reform
House Republicans Propose Student Loan Reforms, Pell Grants for Short-Term Programs, and Limits on ED Authority
Analysis: GOP Proposal on Federal Student Loan Reform, Limits on ED Authority, and Short-Term Pell
House Democrats Unveil Package Seeking to Lower College Costs
House Democrats Share Plans for College Affordability Through Increased Pell Grants and Cheaper Student Loans

Publication Date: 9/29/2022